Guide to full expensing

In his Budget speech in March earlier this year, Chancellor Jeremy Hunt kicked off the government’s plan for growth with changes to business tax legislation, a key policy being “full expensing”.


It is a Corporation Tax cut worth an average of £9 billion a year for every year it is in place”, Hunt said. “The Office for Budget Responsibility says it will increase business investment by 3% for every year it is in place”.

But what did the Chancellor mean by “full expensing”, and how does the policy work? We’ve put together a guide giving an explanation.


We can help

If you would like more information on full expensing and if your business is eligible, get in touch today.

Reach for your goals

Make your business a better place to be. It starts today with a quick call to us.

ACCA logo
ICAEW logo
Xero Silver partner logo
ACCA logo
ACCA logo
aat logo